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there are the tax payers and the city. when i was receiver in harrisburg i would talk to the citizens all the time who were very concerned about what it meant to them and how much taxes they would have to pay. the other i think said in your introduction people talked about the constitutional investors but a lot of bond holders are holding shares in mutual funds and using their retirement money to invest partially in bonds. when you have a meltdown situation like this, it's not just the workers who are hurt but the toda taxpayers, the citd bond holders, the individuals. when you're doing a work out like this, the goal is not to let anybody off free. i know in some of your guests are arguing that pensions should be sacks cro sac rosant. at debt is too great for the tax payers have to pay. all parties will have to accept that they will have pain as part of the process. it takes a while to get there. you see detroit with its pensioners saying don't touch us. the goal is to have a fair and proportion nat loss suffered by everyb
there are the tax payers and the city. when i was receiver in harrisburg i would talk to the citizens all the time who were very concerned about what it meant to them and how much taxes they would have to pay. the other i think said in your introduction people talked about the constitutional investors but a lot of bond holders are holding shares in mutual funds and using their retirement money to invest partially in bonds. when you have a meltdown situation like this, it's not just the workers...
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at debt is too great for the tax tax payers have to pay. all parties will have to accept that they will have pain as part of the process. it takes a while to get there. you see detroit with its pensioners saying don't touch us. the goal is to have a fair and proportion nat loss suffered by everybody who is dealing with this city in distress. >> i think david has a good point. the retired city electrician has a face, we can put him on the 6:00 news, and understand him very well. but in the case of, for instance, franklin temple ton and investments, they own $35 million of stockton paper, and in the recent proposal from the city they're offering less than a penny on the dollar. well, franklin temple doesn't have a face. >> it's symmetry. you expect them to have well informed people investing their money. i mean, you might have ill informed people. you might have ordinary people putting their money there, but the person's investing the money is getting paid a lot of money to know that stockton is a high risk place and they made a mistake. ther
at debt is too great for the tax tax payers have to pay. all parties will have to accept that they will have pain as part of the process. it takes a while to get there. you see detroit with its pensioners saying don't touch us. the goal is to have a fair and proportion nat loss suffered by everybody who is dealing with this city in distress. >> i think david has a good point. the retired city electrician has a face, we can put him on the 6:00 news, and understand him very well. but in the...
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it would control and run its own schools with its own tax revenue. >> a new city for you guys, this is strictly about education? it's 100% totally about education. we didn't come into this saying we want to create the 5th largest city in louisiana, we came into this saying we want to take accountability for the schools in our area. >> but critics say st. george would take more than just accountability. a report commissioned by the baton rouge area chamber warns the break up would cost the city at large 53 million dollars, 20% of its budget. and it would futher segregate the city. baton rouge is already majority black, st. george would be a majority white by a 3 to 1 ratio. >> so now we would have white kids going to school over here on this end of the parish, white kids going to school over there on the other end of the parish, and in the middle, we'd have just the black kids going to school. >> there's also a major income disparity. residents in baton rouge make an average of 58 thousand dollars a year. in the much more affluent st. george area, the average income is 90 thousand. >> i
it would control and run its own schools with its own tax revenue. >> a new city for you guys, this is strictly about education? it's 100% totally about education. we didn't come into this saying we want to create the 5th largest city in louisiana, we came into this saying we want to take accountability for the schools in our area. >> but critics say st. george would take more than just accountability. a report commissioned by the baton rouge area chamber warns the break up would...
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> michael eaves is here with sports. kind of a shake up in coaching ranks in one nba team. >> not one you would expect at this point in the season. >> the expectations were high because as a player kid was considered to have the highest basketballisbasketball iq in the nets made a change to the coaching staff today. >> it's lawrence frank who has been reassigned to a role where he will no longer attend practices or games there was reports that there was growing tension between frank and kidd. they called the move a
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >>> michael eaves is here with sports. it kind of feels likely the n.f.l. playoffs have started. >> like the free playos. win the games and get into the post-season carrying the n.f.l.'s best record, the seahawks were looking to secure the nfc west division title and the first round bye. all they had to do was defend the san francisco 49ers. they won last two meetings. the seahawks lost four games to the 9ers. russell wilson would give them a 14 to 9 lead with the only touchdown pass of the game. colin kapernick thre
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...
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that's the amount of tax dollars spent supplementing the wages of bank bank tellers. a third of bank-tellers had to rely on assistance. >> last year tellers had a median salary of $24,100. that's about $11.39 an hour. >> welcome back to al jazeera america. >>> the obama administration is looking to undo the damage to the affordable care act's image done by the problems, of course, with the problem plagued website. in a moment we'll look at what the president needs to do during his campaign to accomplish that. >> first let's look at the temperatures across the nation. metrologist nicole mitchell is here. >> we have a contrast once we get to the southern plains today - going to the 20s or 30s. houston is at 71. this is where it's really gotten brutal. single-digit temperatures. adding in the wind. feels like 30 below. this is going to be a spreading sign over the weekend. the wind chills that are really brutal out there. the cold air will settle and over the next couple of days the warmer spots in the south - innocently it while you have it. although not the negatives.
that's the amount of tax dollars spent supplementing the wages of bank bank tellers. a third of bank-tellers had to rely on assistance. >> last year tellers had a median salary of $24,100. that's about $11.39 an hour. >> welcome back to al jazeera america. >>> the obama administration is looking to undo the damage to the affordable care act's image done by the problems, of course, with the problem plagued website. in a moment we'll look at what the president needs to do...
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it would not involve any new tax increases or any major entitlement reforms. even at smaller deal is going to be challenge. they have their own set of issues and critics. one idea is the aviation security fee, hitting a passengers every time if i. the airlines don't like that. they want to see workers contribute more to their retirement plans. democrats don't like that, particularly in maryland and virginia. is timeblicans think it to and some of the benefits. if they can't reach a deal by friday, john boehner may kick the can down the road and pass a temporary spending deal that will get past the holidays. nobody like that option. but it is better than the alternative. back to you. >> tonight on political capital with al hunt, former secretary of state, dr. madeleine andight, will discuss china iran. up next, business competition can be a contact sport. we will meet one ceo who was taken a challenge literally. she takes on her rivals and elbow pads and skates and the pack -- in the fast-paced world of roller derby. that and more when bottom line continues in
it would not involve any new tax increases or any major entitlement reforms. even at smaller deal is going to be challenge. they have their own set of issues and critics. one idea is the aviation security fee, hitting a passengers every time if i. the airlines don't like that. they want to see workers contribute more to their retirement plans. democrats don't like that, particularly in maryland and virginia. is timeblicans think it to and some of the benefits. if they can't reach a deal by...
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clamping down on tax evasion. toss banks are being asked voluntary have a disclosure program with the u.s. department of justice. manus cranny is here. will be the end of swiss banks? >> we have a turning point. from told thousand seven, the u.s. -- from 2007, the u.s. has pursued tax evaders by whistleblowers. we are entering a new spectrum with the u.s. justice department going after them. protecting you are and who you are trying to protect from taxing. with tax a little bit more leniently with you. you have anonymity. the germans are saying, no. the u.s. is going after identity, identity. that is the critical part for the u.s. authorities. invadedlion was being off taxation by u.s. citizens. this is the point. since the whistleblowers' admissions started, citizens are in swiss.have money they declared. you see the amount of money by 70%. 68 tax evaders have been charged. banks have been fined. >> what could be the penalties? >> 16 banks under investigation at the moment. no plea bargaining for them. could face
clamping down on tax evasion. toss banks are being asked voluntary have a disclosure program with the u.s. department of justice. manus cranny is here. will be the end of swiss banks? >> we have a turning point. from told thousand seven, the u.s. -- from 2007, the u.s. has pursued tax evaders by whistleblowers. we are entering a new spectrum with the u.s. justice department going after them. protecting you are and who you are trying to protect from taxing. with tax a little bit more...
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they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the bank of england, -- not least of all for the bank of england, monetary policy. he might have something about the foreign ownership, a banner issue in london. you being tax on the sale of your ownership if you're a foreign owner. something to do with -- this is the politics of politics. going up against the opposition chancellor saying plan a worked. didn't really work or have things gotten better? they have, thankfully. there will be politics in the houses of parliament, the house of westminster behind me. for married couples. there c
they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for the chancellor to surprise us with? >> housing is top of the agenda. least of all for the...
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the city wants damages for reduce property taxes and the cost of maintaining foreclosed homes. commodities have been much in the pictures. look at gold, all over the place. mining companies are reacting to the challenges of slashing costs and delaying capital investment. alix steel is here looking at commodities. she knows how to pronounce vale. >> they are the biggest i am producer in the world. that is used to make steel, which is made and everything. what other companies are doing, trimming investments for a third year, selling assets including $10 million of it cold unit. doingo said they were that, trying to trim the fat down. >> everybody else does it. brazil?unique to >> they are based in brazil so the question happens to what is going to happen to brazil's credit-rating? has indit default market trading as if they are linked. swap prices have been rising as a threat of a possible downgrade in brazil. >> you are good at this, link this to the blood we have seen in gold this week. there is a commodities silver cycle, there is a debate along broad come -- along broad movem
the city wants damages for reduce property taxes and the cost of maintaining foreclosed homes. commodities have been much in the pictures. look at gold, all over the place. mining companies are reacting to the challenges of slashing costs and delaying capital investment. alix steel is here looking at commodities. she knows how to pronounce vale. >> they are the biggest i am producer in the world. that is used to make steel, which is made and everything. what other companies are doing,...
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tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have all been coming down. but i believe in rich kinder. rich kinder is not dick heckman. dick heckmann had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that company. but i do honestly right now like linn energy more. higher rates don't have to be the end of the world, conn's might be a microcosm. wouldn't you like to have a stock that goes up gigantically? or would you say i don't want that gain because rates are going higher? stay with cramer. >>> coming up -- nice view? hilton's more than $2 billion ipo is about to hit the street. are there better accommodations for your cash, or should you try and book a room in this newly minted stock? >>> you know that this has been a downright incredible year for initial public offerings. >> buy, buy,
tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have all been coming down. but i believe in rich kinder. rich kinder is not dick heckman. dick heckmann had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that company. but i do honestly right now like linn energy more. higher rates don't have to be...
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rate might end up with more revenues that raising taxes? >> for the country as a whole, right. we can learn as a country they'll go to other countries if they don't -- >> we should talk about tax. >> all right. gord gordon, thank you. say hi to johnny. >>> when we come back, we have the numbers out at 8:15 eastern time from the jobs data. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] this december, experience the gift of unsurpassed
rate might end up with more revenues that raising taxes? >> for the country as a whole, right. we can learn as a country they'll go to other countries if they don't -- >> we should talk about tax. >> all right. gord gordon, thank you. say hi to johnny. >>> when we come back, we have the numbers out at 8:15 eastern time from the jobs data. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp...
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sales tax, property tax? >> sales tax and property tax. what happens is -- >> there's no income tax. >> yeah, no income tax. we're in a position working hard to compete. no income tax, right to work state. low-business tax and more businesses don't pay it every year. companies like hertz are moving down there because they can solve their customer needs because they don't pay taxes. if they're in new york or connecticut, they'd have to pay. >> okay. so how will you replace the $2 billion? >> sales taxes. >> will they have to go up? >> no, i'm cutting taxes -- i've cut taxes every year. i've been governor three years, cut taxes basically 24 times. it's property taxes, business taxes, sales tax. we have all budget surplus, i walked in with a budget deficit, i now have a $1.2 billion surplus. we're making our economy the opportunity economy where, you know, if you want to build a business, you can -- and you want to get a job, you come to florida. >> your unemployment rate has dropped quicker than any other state, i know that. and you're now -
sales tax, property tax? >> sales tax and property tax. what happens is -- >> there's no income tax. >> yeah, no income tax. we're in a position working hard to compete. no income tax, right to work state. low-business tax and more businesses don't pay it every year. companies like hertz are moving down there because they can solve their customer needs because they don't pay taxes. if they're in new york or connecticut, they'd have to pay. >> okay. so how will you...
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federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple. puerto rico has an enormous number of issues to confront. and frankly, dwarfs detroit by comparison in size. you're looking at $70 billion worth of issuance that is eye bi ubiquitously held. puerto rico is a complex problem, dwarfing detroit by size and magnitude. >> lawrence, thank you for joining us this morning. >> i appreciate it. >> we'll take a short break. still to come, it is a case of unhappy meals. can the protests make a u.s. minimum wage more or less likely? [ male announcer ] how can power consumption in china, impact wool
federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple....
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it seems like rahm emanuel is going to have issues regarding property taxes and raising property taxes, because they have a pretty big gaping deficit hole. do you have any advice or any issues that you think we can learn from on how you negotiate on a state level with respect to rahm emanuel on a city level? >> i think it is important to negotiate, to sit down with everyone, and we did. ultima ultimately, you put together a solution, and sometimes folks don't agree, but it has to be done for the common good, the everyday taxpayer, the person that gets up, raising kids, we want to make sure they come first. >> i tell you what. i recently governored the governors estate, my daughter had big shows, and always like in the haunted mansion, where the pictures are hung, the paint's a different color. we've had so many governors from otto to ryan to blagojevich, where they're taking these and leaving the mark. governor, i'm sure your picture will stand for a long time. >> all right. thank you. >> let's get to dominic chu. >> look at barnes & noble, because there's reports now that the s.e.c. i
it seems like rahm emanuel is going to have issues regarding property taxes and raising property taxes, because they have a pretty big gaping deficit hole. do you have any advice or any issues that you think we can learn from on how you negotiate on a state level with respect to rahm emanuel on a city level? >> i think it is important to negotiate, to sit down with everyone, and we did. ultima ultimately, you put together a solution, and sometimes folks don't agree, but it has to be done...
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nokia owes up to $3.4 billion in taxes. they earlier said they owed $2.4 million. it's quite a big jump. we'll keep our eyes on that. anyway, that's a big bill if it's true. >>> eads, meanwhile, has outlined a restructuring plan which will enhance its business competitive. stephane is in paris with the reaction and the detail. stephane. >> and among the reactions, the french labor minister says it's unacceptable for eads to get overall stat in france. he said the large company and profitable group like eads should have a duty to ensure that there are no forced layer. the comments came just a few hours after eads announced 5,800 job cuts. restructuring will affect roughly 2,000 jobs in germany, 1,260 in france, 567 in spain and 550 in the united kingdom. in france, eads is going to sell its paris headquarter, since the headquarter of the company has been moved. the plan will be implemented over the next three years. some of the terms will be offered in terms of mobility. but eads warned this morning that there could be additional job cuts in the future should the bu
nokia owes up to $3.4 billion in taxes. they earlier said they owed $2.4 million. it's quite a big jump. we'll keep our eyes on that. anyway, that's a big bill if it's true. >>> eads, meanwhile, has outlined a restructuring plan which will enhance its business competitive. stephane is in paris with the reaction and the detail. stephane. >> and among the reactions, the french labor minister says it's unacceptable for eads to get overall stat in france. he said the large company...
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you're not going to have that big tax loss fear. a lot of people saying i can find inexpensive tech, i don't need to go into the cloud. although apple is saying this is about ibm being wrong and apple being right. >> there has been an expectation of a china mobile deal. >> yes. >> unbeknownst to most people who hold the stock. that being said, 740 million china mobile subscribers, there is a fairly large audience they could conceivably be addressing to try to buy smartphones. >> do you remember the conference call that was the open rebellion against tim cook? it was withone of these things e i thought it was 1948 where stillwell had just lost china and now he's making a move. he did not lose china. >> we'll see. that fortune story has a lot of people talking about whether china mobile makes a big move in this direction, having not carried their phones till now. >> maybe samsung -- don't hear a lot about samsung having a revolutionary new phone. >> no, although they've got a lot of new patents, they're going to do the curve thing or
you're not going to have that big tax loss fear. a lot of people saying i can find inexpensive tech, i don't need to go into the cloud. although apple is saying this is about ibm being wrong and apple being right. >> there has been an expectation of a china mobile deal. >> yes. >> unbeknownst to most people who hold the stock. that being said, 740 million china mobile subscribers, there is a fairly large audience they could conceivably be addressing to try to buy smartphones....
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done a big financing, and if they really, really wanted to, they could repatriate some cash and pay taxes. that's probably not what's going to happen. >> no, they're not going to do that. >> the stock on its own merit will do fine. >> just focus on the product, and the margins are stabilizing, and those are more important, i think, in the near term. >> here's a question. how would you like a look at tomorrow's jobs numbers today? up next, we're talking to someone who get as very unique perspective from background checks. that and much more is just ahead. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-25
done a big financing, and if they really, really wanted to, they could repatriate some cash and pay taxes. that's probably not what's going to happen. >> no, they're not going to do that. >> the stock on its own merit will do fine. >> just focus on the product, and the margins are stabilizing, and those are more important, i think, in the near term. >> here's a question. how would you like a look at tomorrow's jobs numbers today? up next, we're talking to someone who get...
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. >> david cameron announcing today that he's not going to cut taxes for the middle classes. how much room, wiggle room is there going to be for the government, peter? much depends on what you think the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it com
. >> david cameron announcing today that he's not going to cut taxes for the middle classes. how much room, wiggle room is there going to be for the government, peter? much depends on what you think the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years,...
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. >> again, that's people i think not wanting to take tax -- not wanting to have to pay a tax bill. really, again, "usa today" wall street looks like pamplona. you think this is an article which says bubble, bubble, bubble. instead it is about how broad the advance is. it's a very positive article how the advance is different from some of the advance that is have led to big falls. very smart piece. >> the dow's gained year to date three times the gain of last year. do you expect that trend to continue into 2014? in any way? >> i think it's very hard if we forget we will have another washington bruising. right? do you think anything's gotten better there? i mean, we don't mention the health care. everyone talks about the health care site. i saw oracle mentioned as a possible problem in the "the new york times" piece and a thing that dazzles me is how we forget. right now. that there's a republican party that hates the president. but in another month we'll talk about that ian good for 6%, 7%, 8% decline. >> without a doubt and facing the same issues we faced a couple of months ago. >>
. >> again, that's people i think not wanting to take tax -- not wanting to have to pay a tax bill. really, again, "usa today" wall street looks like pamplona. you think this is an article which says bubble, bubble, bubble. instead it is about how broad the advance is. it's a very positive article how the advance is different from some of the advance that is have led to big falls. very smart piece. >> the dow's gained year to date three times the gain of last year. do you...
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the abe government unveiled the $54 billion stimulus package that's aimed at offsetting the sales tax in april. and the shanghai composite pulled further ahead. meanwhile, the hang seng index added 0.1%. elsewhere, south korea and australia both ended just a tad lower. as for individual stocks, chinese property stocks came under some pressure after the official china securities journal reported beijing may remove caps on property prices next year, replacing them with supply side indicators and concerns still linger over a potential property tax system. now for some outperformers, let's take a look at the region's apple suppliers, seeing a strong boost from hopes that china mobile may reach a deal with apple to offer iphones. some phone displaymakers, cameramakers and case suppliers rebounded some 5% in today's trade. back to you, karen. >> sixuan, thank you very much update. charles has been telling us about this u.s. cash flood that you're expecting. are you saying buy u.s. assets, buy u.s. equities in 20 s14? >> things probably weaken at the moment because a lot of guys made a lot o
the abe government unveiled the $54 billion stimulus package that's aimed at offsetting the sales tax in april. and the shanghai composite pulled further ahead. meanwhile, the hang seng index added 0.1%. elsewhere, south korea and australia both ended just a tad lower. as for individual stocks, chinese property stocks came under some pressure after the official china securities journal reported beijing may remove caps on property prices next year, replacing them with supply side indicators and...
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Dec 10, 2013
12/13
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because later on this afternoon in "street signs, reque signs," wer big companies, not just in time for tax season, but one you'll want to put on your radar. back to you. >> all right. one stock to watch is clearly twitter. we're looking at the highest levels since the company went public. $52.59, off slightly from the level. but we'll talk more about why twitter is behaving so well in just a moment. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ thaso ally bank has a puts more that won't trap me in a rate. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd.
because later on this afternoon in "street signs, reque signs," wer big companies, not just in time for tax season, but one you'll want to put on your radar. back to you. >> all right. one stock to watch is clearly twitter. we're looking at the highest levels since the company went public. $52.59, off slightly from the level. but we'll talk more about why twitter is behaving so well in just a moment. the american dream is of a better future, a confident retirement. those dreams,...
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Dec 3, 2013
12/13
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sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to collect taxes and online do not. it's different from state-to-state and it's just been a real mess there but supreme court is not going to weigh in on this. i want to give you a quick peek at the markets. dow and the major markets all fell after the black friday results showed that consumers spent less than last year. gold stock fell as well. concerns about the fed withdrawing -- using a big pull-back in gold this year. the ten-year treasury climbed again. it means higher mortgage rates likely and higher rates for car loans and the like. kr
sales taxes and why you should be paying it. states lose $2 billion a year from uncollected tax from web users. the supreme court decided yesterday not to get involved in appeals from amazon.com and overstock.com. the court let ruling from internet retailers to collect sales taxes even if they have no physical presence in the state. do you follow me? the issue effectively ends tax-free online shopping for lots of people. brick and mortar people say they are at a disadvantage when they have to...
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Dec 3, 2013
12/13
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those taxes hold. now will the rest of the states start to decide, you know, we're emboldened, we're going to try to go after more of the taxes. >> the law has been store on this. it started with sport books, betting online. they went back to the 1960s communication acts to find wiretapping and stuff, ways to get their hand on it. this has been happening to are a while, as the internet is creating commerce, government wants a slice. >> right. it's a big slice. it is a really big slice. brick and mortar and online retailers are merging. look at something like amazon, they have 34 mufulfillment cents across the country. i think what it could mean for new york and it has been, some of the big online retailers are going to make sure they're not creating jobs in new york. they want to continue to argue we don't have a physical presence in new york. >> i live here, if i'm buying fishing equipment in tennessee and shipping it to someone else, it's all of these cross state laws. >> everyone says it's messy, ma
those taxes hold. now will the rest of the states start to decide, you know, we're emboldened, we're going to try to go after more of the taxes. >> the law has been store on this. it started with sport books, betting online. they went back to the 1960s communication acts to find wiretapping and stuff, ways to get their hand on it. this has been happening to are a while, as the internet is creating commerce, government wants a slice. >> right. it's a big slice. it is a really big...
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Dec 6, 2013
12/13
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they deduct it from their tax liability here. we set that it was no deduction. we signed that as an effort to stop apartheid. and it passed. and i never thought i would ever see nelson mandela. when i saw him and people introduced me, he says, yes, i know him. they were trying to push me, saying he had the wrangle amendment, you know. and he says, oh, no, not the wrangle amendment. i thought, my god, here we go. he says, no, the white south africans call that the bloody wrangle amendment. and he said, i would suggest you get a -- >> there's that sense of humor. >> yes. he was a big giant. he was so warm, like a bear that would hug you and you fell apart no matter who you were or where you were. >> congressman, we have to say thank you for sharing these very personal stories of your time with nelson mandela. donna brazile, thank you as well, john king with wonderful mementos from that time as well. thank you to the three of you for sharing these significant memories you have of a great leader. >> fun to celebrate that life. >> isn
they deduct it from their tax liability here. we set that it was no deduction. we signed that as an effort to stop apartheid. and it passed. and i never thought i would ever see nelson mandela. when i saw him and people introduced me, he says, yes, i know him. they were trying to push me, saying he had the wrangle amendment, you know. and he says, oh, no, not the wrangle amendment. i thought, my god, here we go. he says, no, the white south africans call that the bloody wrangle amendment. and...
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Dec 2, 2013
12/13
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their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for that. but if that is the only message and we don't connect that to working-class voters -- by the way, in 1994 when we took over, we owned as a party working- class voters making like 30,000 dollars to $60,000. we dominated that area. >> your point about ronald reagan speaks to that. reagan was a child of goldwater. that is what inspired me to get politics. anti-big government, anti-communism. bad ideas, right? e fit our conservative principals to his day. it, dded something to economic determinism, optimism. we can do and be anything we want. there's a shining city out t
their idea was to cut taxes. if your car breaks down, cut taxes. if you're houses on fire, cut taxes. if your lawn needs mowing, cut taxes. that was the only idea that they presented to voters. americans thought that they had very old ideas. >> they only felt that way because it was true. >> how many years have you seen the same commercial where a guy stands up and says i am for less taxes, less regulation and more freedom? we've been doing that since 1980 and, yes, we are all for...
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Dec 5, 2013
12/13
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near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your job is to help navigate people through this again actual ship. consequently, last year, new york, there were elementary schools these tests. a lot of people were not prepared. the question is, how did they actually know the exact number? it creates teachers draft. you can actually figure out what the cut scores were and how to align it. between the lack of preparation for teachers, the lack of communication with parents, and the sense that you are using the data, using the kids' data, and you know exactly where the scores will come in. this year, what has happened
near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your...
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Dec 8, 2013
12/13
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near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people, -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your job is to help navigate people through this again actual ship. consequently, lester new york, there were in elementary schools these tests. a lot of people were not prepared. john king in and meryl tisch said the test results would be 30% less net's year than this year. the question is, how did they actually know the exact number? it creates teachers draft. you can actually figure out what the cut scores were and how to align it. between the lack of preparation for teachers, the lack of communication with parents, and the sense that you are using the data, using
near to date has been through a tax cap. a lot of other budget cuts. the things that teachers actually need to do, work together, use the standard as a guideline on a straitjacket, have curriculum, method not happen. in a couple places it did, in a lot of places it did not. the big mistake that both the federal government made and other people, -- king would say to you, i was sick and tired of telling people what to do and then not doing it. that is not your job to tell people what to do. your...
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Dec 4, 2013
12/13
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taxing political contributions. again, not in the law. political speech disclosures for federal contractors. the deepwater drilling ban. mr. holder's attempt to reform criminal justice by selectively enforcing our laws. the, mr. obama unilaterally ignoring immigration laws in many cases. recess appointments. "fast & furious" where, were unconstitutional efforts there to walk guns. unconstitutional wiretaps of the ap. the irs scandal, one of the more egregious ones as the gentleman mentioned, subverts the entire political process. and of course obamacare which i'll touch on in a moment. but all of these are examples where this president, in the words of my friends on the left, has, as exercised prosecutorial discretion. that's the word. presidential pardon powers but i think they're more along the lines of professor turley said. these are, could be considered royal prerogatives. if my history is right, that's what we had the little unpleasantness with great britain about and, so the subject here is of profound significance. and i would sug
taxing political contributions. again, not in the law. political speech disclosures for federal contractors. the deepwater drilling ban. mr. holder's attempt to reform criminal justice by selectively enforcing our laws. the, mr. obama unilaterally ignoring immigration laws in many cases. recess appointments. "fast & furious" where, were unconstitutional efforts there to walk guns. unconstitutional wiretaps of the ap. the irs scandal, one of the more egregious ones as the gentleman...
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Dec 10, 2013
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number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends all have as a major complaint. it's not discerning about the details. that's a really big disparity. a lot of us feel disenfranchised by the democrats because it's so sad to see the minority has ruled them instead of the majority of us who put them in place. so this is a really good thing for us. we're waiting for a few years. we kind of jumped off the democrat, went to independent, but there won't be an independent in the running it. will either be democrat or republican. so we're going to wait the next few years to see if they finish what they started,
number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends...
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Dec 9, 2013
12/13
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the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. calle
the tax is a federal tax. it is important to account for it separately since we have a dedicated payroll tax for that purpose. balancing should be -- ideally it would be good if we could say social security was completely off budget. and technically speaking it is off budget. it is money that comes into the treasury and the benefits go out. it is not as if beneficiaries -- we talk about the payroll tax being insufficient to cover benefits, which it is right now. the program is running a...
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Dec 5, 2013
12/13
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the third, the implications of 1 tax that will affect many ma plans and further act as pressure on the ability to provide benefits. the fourth, the recent provideent that cms changes for medicare advantage plans. the result of the changes are inevitable. the first will be fewer plans. from 60 to 140 fewer plans and 2014. there are reports of 10,000 cancellation notices in ohio. 50,000 in new jersey. these all represent further the pledge that if you like your health insurance, you can keep it under the affordable care act. by 2019 when the cuts are fully implemented. and these reductions are disproportionately borne by low-income americans. estimates are 75% of the impact hit to those making less than $34,200. the next step for the plans that do survive is to pass along these reductions in the form of either higher cost sharing or benefits or more limited networks that provide benefits with fewer choices. these are not the voluntary decisions of insurers. they are the consequence of the law that limits their ability to provide options to beneficiari beneficiaries. going forward, i woul
the third, the implications of 1 tax that will affect many ma plans and further act as pressure on the ability to provide benefits. the fourth, the recent provideent that cms changes for medicare advantage plans. the result of the changes are inevitable. the first will be fewer plans. from 60 to 140 fewer plans and 2014. there are reports of 10,000 cancellation notices in ohio. 50,000 in new jersey. these all represent further the pledge that if you like your health insurance, you can keep it...
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Dec 9, 2013
12/13
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they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. host: like can't there right now? caller: --host: why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was possible after all these failed budget agreements in the past
they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to...
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Dec 8, 2013
12/13
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we still have to pay federal income tax on that. they say these people will stay on unemployment and not look for work. unemployment does not pay that much. it is not like you are collecting $1000 a week. it is only like $371 a week with sequestration. it is a good thing my wife works full time. for long-term unemployment, it is not much. unemployment does not last long. i would like your guest to comment on that. guest: there is no doubt unemployment does not replace the income of the job. i think it does speak to the fact that american families are having to readjust their lifestyle and get by with less. when they do take a job, taking $20 an hourom a job. hopefully unemployment gives them time to find the best job for their families. ideologically on the other side, some people say there would be a sense of urgency when benefits run out. host: let me go through the breakdown of the numbers based on gender and race. the overall unemployment rate for white males is 6.7%. teenagers, nearly 21%. whites overall at 6.2%. atican-america
we still have to pay federal income tax on that. they say these people will stay on unemployment and not look for work. unemployment does not pay that much. it is not like you are collecting $1000 a week. it is only like $371 a week with sequestration. it is a good thing my wife works full time. for long-term unemployment, it is not much. unemployment does not last long. i would like your guest to comment on that. guest: there is no doubt unemployment does not replace the income of the job. i...
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Dec 9, 2013
12/13
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>> you may not be familiar with the tax laws. i think we'll move on to the next -- >> i don't see -- >> order, mr. ellis. >> perhaps we must go to the courtroom in the 1930's. asking you questions. were you surprised at the amount of intelligence gathering which was revealed as a result of what snowden gave to your newspaper and other media outlets? >> i think many people are staggered by the amount of -- >> gave yourself, if i may interrupt, were you -- >> i was staggered. i think we all knew that the intelligence agencies collected a lot of data. and people are still trying to make out as though this data -- as though nothing has changed in the last 15 years since the laws were passed with a lot of analog laws that deal with the digital world. i think the last serious law that -- that was passed about any of this material was 2000, a time when facebook hasn't been invented, when google was doing the initial funding round. and we're pretending that the laws that cover really crocodile clips on copper wires are stretchable to dea
>> you may not be familiar with the tax laws. i think we'll move on to the next -- >> i don't see -- >> order, mr. ellis. >> perhaps we must go to the courtroom in the 1930's. asking you questions. were you surprised at the amount of intelligence gathering which was revealed as a result of what snowden gave to your newspaper and other media outlets? >> i think many people are staggered by the amount of -- >> gave yourself, if i may interrupt, were you --...
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Dec 9, 2013
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negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid. republicans are not willing to do any tax hikes. ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they are trying to get something that was possible. we are not even going to go there this time. host: talking with ian swanson of "the hill." even if there is a agreement made this week, there will be a budget battle for 2014. caller: one thing this he'll will not do is raise the debt ceiling. at some point next year they are going to have to do that. it is a little difficult to foreca
negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid....
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Dec 7, 2013
12/13
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we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an hour. people say if you raise minimum wage, the influence will go up. everything else is already going up except minimum wage. years taken almost four to get it to seven dollars $.25. i am 61 years old, i am retired, and i have four kids. i have kids working for memo wage. they got student loans to pay back. journal"ll street talking about unemployment benefits in several stories, set to expire on september 28. several democrats are pushing for a vote to extend the benefits. house democrats propose renewing the program for
we take a look at tax rates. it is congress that appears to allow a certain batch of temporary tax breaks to last at the end of 2013. ray from oklahoma city oklahoma, you are up next. are you there? good morning, you are on. i was calling about -- our man is going to make mistakes. the problem with the world, it does not have anything to do with obama. we have taken god out of everything he is doing. the next thing, minimum wage. i talked to a lot of people atut minimum wage at 7:25 -- $7.25 an...
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Dec 3, 2013
12/13
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that is something that congress is currently weighing is whether to tax financial transactions. it does not have a lot of support, so i do not see that happening anytime soon. europe is a little bit different, they have actually imposed some trading taxes, which has been to the chagrin of the banks. host: peter, on the republican line/ . caller: let's get the history state on what happened during the financial crisis. during the 1990s there was a lot of pressure by the minority groups to increase the amount of affordable housing. so the clinton administration developed the public private partnership to get banks to create more loads for low income people. that calls --was caused a mandate on fannie and freddie to purchase subprime mortgages. they had increased the mandate 110% to 55% of her juices of sub i mortgages. -- purchases of subprime mortgages. he continued that public-private partnership that clinton had , upblished the which after to 2007 and 2008, the number of those mortgages were so great that caused the financial collapse. the government gave the green light to wal
that is something that congress is currently weighing is whether to tax financial transactions. it does not have a lot of support, so i do not see that happening anytime soon. europe is a little bit different, they have actually imposed some trading taxes, which has been to the chagrin of the banks. host: peter, on the republican line/ . caller: let's get the history state on what happened during the financial crisis. during the 1990s there was a lot of pressure by the minority groups to...
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Dec 3, 2013
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tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in america agenda is available to us today. that agenda is a trade policy that protects american industry. not a free trade that gives it away, but a fair trade policy that protects american industry , a tax policy that encourages economic growth here in the united states. that rewards corporations for bringing it home and ends tax breaks for corporations that ship the jobs offshore. an energy policy that utilizes the great energy capacity of this nation, everything from conservation and wind and solar and indeed the petroleum produc
tax money to buy american-made. think back on jefferson who told his treasury secretary, give me a plan for the next century. the 18 hub's -- the 1800's. an economic development plan. and teddy roosevelt and then franklin roosevelt. eisenhower. men of vision, leaders of vision that were willing to step forward, willing to use the resources of this nation, collecting those resources and dispensing those resources across the nation, to build the foundation for economic growth. the make it in...
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Dec 3, 2013
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billion by reducing the tax gap through better enforcement of the i.r.s. code. those are specifics. they may be unpopular but at least they're specific. in stark contrast to go find $5.7 trillion unspecified that the republican budget included. the revenue enhancements provided in the c.b.c. budget would allow congress to totally cancel the sequester and pass a jobs package of at least $500 billion, at 50,000 each that's over 10 million jobs that could be created in one year with a jobs bill of that magnitude, almost enough to hire everybody drawing unemployment today. provide an additional $300 billion in long-term investments in our economy and education, job training, health care and advanced science and research. as i said earlier the reforms contained in the c.b.c. budget would reduce the deficit $2. trillion over the next decade compared to c.b.o.'s baseline that would put our nation on a strong, sustainable path. all without jeopardizing programs that support our seniors and programs that educate the next generation of leaders in business, science a
billion by reducing the tax gap through better enforcement of the i.r.s. code. those are specifics. they may be unpopular but at least they're specific. in stark contrast to go find $5.7 trillion unspecified that the republican budget included. the revenue enhancements provided in the c.b.c. budget would allow congress to totally cancel the sequester and pass a jobs package of at least $500 billion, at 50,000 each that's over 10 million jobs that could be created in one year with a jobs bill of...
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Dec 5, 2013
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immigrants contribute to our economy through taxes, state and local taxes paid in 2010 alone by households headed by undocumented immigrants was over $11 billion. and this is according to the institute for taxation and economic policy. undocumented immigrants contributed as much as $ billion in payroll taxes to the social security program in 2010. but only took $1 billion in benefits. creating a net positive effect on our social security system. to benefit americans. and this is according to the social security administration. despite their contributions, immigrants face exploitation and significant barriers to advancement. and again, that's not the america we should feel proud of. we have an opportunity to pass comprehensive immigration reform in this great country on this floor. all we need is the opportunity to put a bill up for a vote. and i believe that the majority of members of this house will do the righteous thing, the right thing, and welcome those immigrants and integrate them into our system and we will see the economy of the united states of america flourish once again like we
immigrants contribute to our economy through taxes, state and local taxes paid in 2010 alone by households headed by undocumented immigrants was over $11 billion. and this is according to the institute for taxation and economic policy. undocumented immigrants contributed as much as $ billion in payroll taxes to the social security program in 2010. but only took $1 billion in benefits. creating a net positive effect on our social security system. to benefit americans. and this is according to...
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Dec 5, 2013
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trade adjustment assistance and tax extenders have been referenced. hopefully we could do all of those. of course, we have a very short period of time left to do that. let me ask the majority leader, given that short time, does the majority leader have a high degree of confidence that in fact he will be seeking to follow the calendar that's been set out by the majority leader to end this first session of this congress indeed on the scheduled date of december 13, and i yield to my friend? mr. cantor: i thank the gentleman for the recitation of his desired wish list for what he'd like to see on the floor. i'd like to remind the gentleman, mr. speaker, this house has passed well over 140 if not 150 bills very much focused on job creation, very much focused on trying to make sure that we address the needs of those who are most vulnerable right now, trying to make sure that we can sustain the safety net while equipping those that are without the tools necessary to get up on that ladder of success. unfortunately, mr. speaker, the senate has just refused to
trade adjustment assistance and tax extenders have been referenced. hopefully we could do all of those. of course, we have a very short period of time left to do that. let me ask the majority leader, given that short time, does the majority leader have a high degree of confidence that in fact he will be seeking to follow the calendar that's been set out by the majority leader to end this first session of this congress indeed on the scheduled date of december 13, and i yield to my friend? mr....
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Dec 5, 2013
12/13
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this tax credit was designed to kickstart renewables. and yet, it lives on despite wind up being a major part of the great. at least 12% in my home state of texas capacity coming from wind. but some markets have seen quoted in quote prices as though negative $41. per megawatt hour as operators get the credit and run whether power is needed or not. now granted, that's an extreme example but they can sell for a loss and taxpayers make them whole. that moves markets. back home our lack of new power construction in texas, our public utility commissioner, chairwoman nelson have said, this is a quote, the market distortions caused by renewable energy incentives are one of the primary causes, the distortion makes it difficult for other generation text recover the costs and discourages investment in new generation. and while the ptc isn't the only driver of market distortions, it is a significant force. so start with you, comissioner moeller, do you agree incentives for renewables distort markets? >> congressman, i think all subsidies distort ma
this tax credit was designed to kickstart renewables. and yet, it lives on despite wind up being a major part of the great. at least 12% in my home state of texas capacity coming from wind. but some markets have seen quoted in quote prices as though negative $41. per megawatt hour as operators get the credit and run whether power is needed or not. now granted, that's an extreme example but they can sell for a loss and taxpayers make them whole. that moves markets. back home our lack of new...
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Dec 9, 2013
12/13
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talked about, a worker making the minimum wage would have to work 75 hours a week to have the after-tax income necessary to make ends meet. working 75 hours a week at a minimum wage with few or no vacation days and limited benefits, if any, you can make 24,720 a year after taxes. i want to say it's not impossible to do that, but the reality is many people actually have to do it. how do you raise a family working 75 hours a week? when do you have time to sit down with your kids and even read a book? well, one way people get by is they are forced to turn to government assistance programs like the supplemental nutrition assistance program, the snap program, historically known as food stamps. or the liheap program, low income heating and energy assistance program that helps to pay for heating and cooling bills. the children's health insurance program, the chip program, which provides health insurance for the children of the poorest families. the emergency food assistance program, t-fap, tanf, the section 8 housing program and, yes, the affordable care act which is providing for the first ti
talked about, a worker making the minimum wage would have to work 75 hours a week to have the after-tax income necessary to make ends meet. working 75 hours a week at a minimum wage with few or no vacation days and limited benefits, if any, you can make 24,720 a year after taxes. i want to say it's not impossible to do that, but the reality is many people actually have to do it. how do you raise a family working 75 hours a week? when do you have time to sit down with your kids and even read a...
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Dec 3, 2013
12/13
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what is really going on and what will push a lot of this is that we are very dependent on property taxes so beyond the education cost-sharing dollars that the state distributes everything else is basically tied to local property taxes. those bases aren't growing anymore so p. shuler -- people are forced to work together and i think the folks that will leave this discussion are actually in the communities right now looking at how do you continue to support education when your list is not growing. it will drive innovation. >> as far as funding for education over say the next five years doesn't look like it's going to be flat or will it be down or will it be a? >> i think it's a little early to tell. this is the slowest recovery from a recession in the post world war ii era and i am visiting you here in washington but the folks in washington seem to put the brakes on the economy every six months or so. or even more often than not. they are not helping and with first act to growth in the economy. i think that americans will put more money into education and the economy is doing better or whe
what is really going on and what will push a lot of this is that we are very dependent on property taxes so beyond the education cost-sharing dollars that the state distributes everything else is basically tied to local property taxes. those bases aren't growing anymore so p. shuler -- people are forced to work together and i think the folks that will leave this discussion are actually in the communities right now looking at how do you continue to support education when your list is not...
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Dec 8, 2013
12/13
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say you had a 4-5 percent national sales tax on all goods and services and you use this money totally to pay for medicaid. now medicare is taken care of it. so you would cap all of the people not on medicaid and medicare. you would cap the rates that insurance companies could ask of them and lower the price for all of the people that are inbetweens. i wondered what you thought of that idea. >> kathy, why do you think that is a good idea? >> because i think it it would be a fair way, and it would bring the rates down, and it would be people could make the choice if they didn't want to pay a national sales tax and if they didn't want to they would not by the skis or the new dress or whatever. and it would just -- i think it would lower the rate of people between medicare/medicaid. >> thank you very much. let's see what congresswoman thinks about that idea. >> thank you. well, kathy, i really feel like the affordable care act was important because it focused beyond just medicare/medicaid. medicaid was expanded in the states where you have governors and legislative members that accepted t
say you had a 4-5 percent national sales tax on all goods and services and you use this money totally to pay for medicaid. now medicare is taken care of it. so you would cap all of the people not on medicaid and medicare. you would cap the rates that insurance companies could ask of them and lower the price for all of the people that are inbetweens. i wondered what you thought of that idea. >> kathy, why do you think that is a good idea? >> because i think it it would be a fair way,...
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Dec 3, 2013
12/13
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it seems to me that he has the authority to amend the taxes which the affordable healthcare tax is according to the supreme court what is to prevent him from just amending the any tax to his liking. mr. turley weigh in on this if you would. >> i have to agree first of all oon the remark about article on, as i said before it is true that they are all equal branches, but the framers spent most of their time on congress because it is something harder than the madisonian system. it's where the magic happens and that is to take those interests that the strike countries and turned them into a majoritarian compromise. when we get to the issue of taxes, that is one of the most divisive issues facing the country. so when someone comes before the congress and says i want my group to be excluded, it obviously produces a great deal of heat. some people say how about my group, how long should this apply? it is the most divisive issue raised in congress and that is why it was given to the congress so that type of issue would be subject to the transformative process of the legislation. >> so do you belief
it seems to me that he has the authority to amend the taxes which the affordable healthcare tax is according to the supreme court what is to prevent him from just amending the any tax to his liking. mr. turley weigh in on this if you would. >> i have to agree first of all oon the remark about article on, as i said before it is true that they are all equal branches, but the framers spent most of their time on congress because it is something harder than the madisonian system. it's where...
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Dec 7, 2013
12/13
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because those tax credits will trigger tax penalties on employers and individuals in those 34 states that have established the exchange and a number of those employers and individuals including the two states attorneys general in the 15 indiana school districts and a dozen or more private employers and private citizens have filed suit. one of them will have disasters that here in washington dc said there is a remedy for some of these abuses. >> thank you director. i yield back. >> thank you mr. chairman. mr. lazarus, professor rosenkranz has written in "the wall street journal" op-ed pieces abraham lincoln wouldn't approve of the delay and the employer mandate and can extend the habeas corpus. can you comment on the claim that they would disapprove and what about the conscientious decision of habeas corpus by lincoln? >> i read it up with some amusement. i think president lincoln would chuckle between suspending the writ of habeas corpus and the most fundamental guarantee freedom in the whole system is a temporary delay in the implementation of regulation as a part of a very complex
because those tax credits will trigger tax penalties on employers and individuals in those 34 states that have established the exchange and a number of those employers and individuals including the two states attorneys general in the 15 indiana school districts and a dozen or more private employers and private citizens have filed suit. one of them will have disasters that here in washington dc said there is a remedy for some of these abuses. >> thank you director. i yield back. >>...